Pittco Capital
Pittco Capital is the Memphis family office of AutoZone founder Pitt Hyde, investing across venture capital, buyouts, and real assets. Water is a rare line in that diversified book: as of 2026, Pittco's only water bet is Glanris, a rice-hull filtration maker it has backed across three rounds.
Compiled by Antoine Walter, (don't) Waste Water, from official filings and direct intelligence in Leviathan.
The take
Pittco Capital is what you get when the man who built AutoZone into a national chain turns the same owner's instincts on his own balance sheet. It is the single-family office of Joseph R. "Pitt" Hyde III, the private firm that exists to invest one family's money, and it has run out of Memphis for more than thirty years. The money is deliberately generalist: outsourced hedge-fund and private-equity allocations on one side, direct stakes in companies and multi-family housing on the other. This is generalist capital, not a water fund, and an honest page says so up front.
Pittco's footprint in water is narrow and specific: a single company, Glanris, a Memphis neighbour that turns discarded rice hulls into a filtration media which strips metals and organics out of water. Pittco has come back to Glanris across three rounds, which tells you more than any mission statement would. This is a local, conviction-led bet on a hometown materials startup, not the start of a water strategy, and (don't) Waste Water rates the firm's overall water commitment One-Off to reflect exactly that.
Pittco is a useful reminder, for any newcomer scanning the sector for capital, that some of the most interesting cheques in water do not come from water specialists at all. A family office like this one can move on a company it knows, with no fund clock to answer to and no sector mandate to satisfy. You do not come to Pittco for a water-only ticket, but a patient, opportunistic owner is precisely what a Memphis materials startup like Glanris wants on its side.
Water Commitment Score
Compiled from official filings, third-party records, and direct intelligence from investors and founders, in Leviathan · recomputed monthly · as of Jun 2026.
How they invest
Portfolio · 1 water companies
Invests alongside
Highlighted = profiled on (don't) Waste Water.
Frequently asked
- What does Pittco Capital invest in?
- Pittco Capital is a diversified single-family office, so it invests across asset classes rather than one sector: outsourced hedge-fund and private-equity allocations, direct stakes in early and late-stage companies, buyouts, and multi-family housing. Its water exposure is one direct bet, the filtration company Glanris.
- Who runs Pittco Capital?
- Pittco Capital is the family office of AutoZone founder Joseph 'Pitt' Hyde III. Day-to-day investing is led by President and Chief Investment Officer Henry Guy, alongside investments principal Jon Hottinger and vice president Graham Jones, working from the firm's Memphis office.
- Where is Pittco Capital based?
- Pittco Capital, formally Pittco Management, LLC, is based in Memphis, Tennessee, where the Hyde family has run the office for more than thirty years. Its one water portfolio company, Glanris, is also a Memphis business, with production in nearby Olive Branch, Mississippi.
- How many water companies has Pittco Capital backed?
- Pittco Capital has backed one water company, Glanris, supporting it across three funding rounds. (don't) Waste Water rates its overall water commitment One-Off, reflecting a single opportunistic investment rather than a dedicated water strategy with a recurring pipeline of deals.
- Is Pittco Capital a separate fund from Pittco Management?
- Pittco Capital is the direct-investing activity of Pittco Management, the Hyde family office in Memphis, not a separate institutional fund. Database listings such as 'Pittco Capital Partners' point back to the same single-family office, so the names describe one firm, not several.